Brazil Bovespa

30 Oct 2018 ‚óŹ 05:56 AM

Brazil was one of the best performing markets recently but was rising in a channel in wave C. Yesterday it spiked to a new all time high and then sold off. This looks like wave v of C up complete and should mean that the top is in. Making a new high means that after the Feb top in the Bovespa the index did not fall in 5 waves but A-B-C, I have changed the marking. So we have 3 waves down and 3 waves up. Another A-B-C, 3 wave decline, maybe about to start or has done so yesterday already, that should see Brazil back below the June lows.

brazil 301018

Comments (0)


Latest Articles